Srinibas Pradhan Constructions IPO
GMP, Subscription, Price, Dates & Financial Details
Construction - Real Estate
Incorporated in 2020, Srinibas Pradhan Constructions Limited (SPCL) operates in the infrastructure and utilities sector, delivering engineering and construction solutions across multiple segments. The company undertakes projects primarily in the state of Odisha, serving state government…
Open Date
Fri, 06 Mar 2026
Close Date
Tue, 10 Mar 2026
Price Band
₹ 91 – 98
Lot Size
1200
Issue Size
₹ 20.00 Cr
Minimum Investment
₹ 235,200 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Srinibas Pradhan Constructions IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹20.00 Crore, comprising a fresh issue of 16.09 Lakh equity shares aggregating to ₹16.00 Crore and an offer for sale (OFS) of 3.60 Lakh equity shares aggregating to ₹4.00 Crore by the existing shareholders.
The Srinibas Pradhan Constructions IPO remained open for subscription from March 06, 2026, to March 10, 2026. The basis of allotment was finalized on March 11, 2026, and the company's shares were listed on NSE SME Platform on March 13, 2026.
The company had fixed the price band at ₹91 to ₹98 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹235,200 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited served as the registrar to the issue. NOVUS CAPITAL ADVISORS PRIVATE LIMITED acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Srinibas Pradhan Constructions Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Srinibas Pradhan Constructions IPO Timeline (Tentative)
- IPO Open Date
- Fri, 06 Mar 26
- IPO Close Date
- Tue, 10 Mar 26
- Basis of Allotment
- Wed, 11 Mar 26
- Initiation of Refunds
- Thu, 12 Mar 26
- Credit of Shares to Demat
- Thu, 12 Mar 26
- Listing Date
- Fri, 13 Mar 26 — NSE & BSE
Open Date
06 March 2026
Close Date
10 March 2026
Basis Of Allotment
11 March 2026
Listing Date
13 March 2026
IPO Subscription
Check Live Subscription →The Srinibas Pradhan Constructions IPO has received bids for 23,34,000 shares against 19,69,200 shares offered, resulting in an overall subscription of 1.19x. the NII category is subscribed 1.68x, Retail Investors 0.69x, and QIBs 1.13x. Within the NII category, BNII is subscribed 2.38x, while SNII is subscribed 0.27x.
QIB
1.13x
NII
1.68x
BNII
2.38x
SNII
0.27x
RII
0.69x
Total
1.19x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 9,74,400 shares, representing 49.48% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 19,200 shares (0.98%), while Non-Institutional Investors (NIIs) receive 9,75,600 shares (49.54%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 19,200 | 0.98% |
| Non-Institutional | 975,600 | 49.54% |
| BNII | 650,400 | 33.03% |
| SNII | 325,200 | 16.51% |
| Retail Investors | 974,400 | 49.48% |
| Total | 1,969,200 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 56.67 | 55.76 | 20.83 | 6.5 |
| Revenue | 45.63 | 89.73 | 35.27 | 26.35 |
| Profit After Tax | 4.11 | 6.59 | 3.55 | 1.48 |
| Net Worth | 22.01 | 15.91 | 7.72 | 2.67 |
| Reserve & Surplus | 15.87 | 11.55 | 3.57 | 2.57 |
| Total Borrowings | 17.17 | 17.25 | 1.88 | 0.06 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Srinibas Pradhan Constructions Limited KPI Information
| Particular | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 21.67 | 55.76 | 68.36 | 104.65 |
| ROCE % | 29.79 | 71.01 | 84.29 | 125.21 |
| Debt / Equity | 0.78 | 1.08 | 0.24 | 0.02 |
| RoNW % | 21.67 | 55.76 | 68.36 | 104.65 |
| Pat Margin % | 9.01 | 7.34 | 10.06 | 5.62 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Srinibas Pradhan Constructions Ltd | 10 | 0.00 | 6.89 | 6.89 | 21.67 | 35.81 |
| AVP Infracon Ltd | 10 | 11.84 | 9.29 | 9.29 | 16.29 | 63.80 |
| Sonu Infratech Ltd | 10 | 15.74 | 5.28 | 5.28 | 8.34 | 69.10 |
About Srinibas Pradhan Constructions Limited
Incorporated in 2020, Srinibas Pradhan Constructions Limited (SPCL) operates in the infrastructure and utilities sector, delivering engineering and construction solutions across multiple segments. The company undertakes projects primarily in the state of Odisha, serving state government departments, central and state public sector undertakings, and private sector clients through competitive bidding processes.
Core Business Segments
1. Roads and Highways
SPCL specializes in the construction and development of rural roads, major district roads, and urban road networks. The company utilizes quality construction materials such as aggregates, sand, tar, and cement to ensure durability, safety, and long-term performance of road infrastructure.
2. Bridges and Steel Structures
The company executes high-level bridges and undertakes fabrication and erection of steel structures for bridges and industrial sheds. Its capabilities include structural engineering and project execution tailored to transportation and industrial infrastructure requirements.
3. Civil Construction
SPCL provides comprehensive civil construction services, including:
- Foundation and substructure work
- Superstructure development
- Multi-storied buildings
- Factories and industrial facilities
These services cater to both public infrastructure projects and private industrial development initiatives.
Project Portfolio
The company’s diversified project portfolio includes:
- Roads and highways
- Bridges
- Irrigation and canal works
- General civil construction
- Industrial infrastructure development
Order Book Position
As of February 15, 2026, SPCL reported a consolidated order book of ₹18,406.95 lakhs, reflecting a healthy pipeline of ongoing and upcoming projects and providing revenue visibility for the near to medium term.
Srinibas Pradhan Constructions IPO Promoters
- Mr. Ramakanta Pradhan
- Mr. Srinibas Pradhan
Promoters Holding
Holding Pre Issue
85.27%
Holding Post Issue
0.00%
Srinibas Pradhan Constructions IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding the working capital requirements of our Company
- Repayment/prepayment, in full or part, of certain loans availed by our Company
- General Corporate Purpose
Srinibas Pradhan Constructions Limited Address / Contact Details
Srinibas Pradhan Constructions Ltd. Address
C/O- Srinibas Pradhan, Near Chuakani Po-Lamtibaha,
Jharsuguda, Jharsuguda,
Jharsuguda, Odisha, 768216
Email:cs@srinibaspradhan.com
Tel No:+91 6645 251105
Website:http://www.srinibaspradhan.com/
IPO Snapshot
Srinibas Pradhan Constructions IPO Lot Size
The Srinibas Pradhan Constructions IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,35,200 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,35,200.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 235,200.00 |
| Retail (Max) | 2 | 2,400 | 235,200.00 |
| S-HNI (Min) | 3 | 3,600 | 352,800.00 |
| S-HNI (Max) | 8 | 9,600 | 940,800.00 |
| B-HNI (Min) | 9 | 10,800 | 1,058,400.00 |
Issue Reservation
- QIB — 0.98%
- NII — 49.54%
- RII — 49.48%
Srinibas Pradhan Constructions IPO Registrar
Maashitla Securities Pvt. Limited
Check Allotment StatusBook Running Lead Managers
- NOVUS CAPITAL ADVISORS PRIVATE LIMITED
IPO Documents & Links
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Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Srinibas Pradhan Constructions IPO?
Srinibas Pradhan Constructions IPO is a with a total issue size of ₹20 crore. The Srinibas Pradhan Constructions IPO price band is ₹91 to 98 per share. The Srinibas Pradhan Constructions IPO subscription opens on Fri, Mar 6, 2026, and closes on Tue, Mar 10, 2026. The Srinibas Pradhan Constructions IPO will be listed on the NSE. Maashitla Securities Pvt. Limited is the registrar for the Srinibas Pradhan Constructions IPO.
When will the Srinibas Pradhan Constructions IPO open for subscription?
The Srinibas Pradhan Constructions IPO opens on Fri, Mar 6, 2026 and closes on Tue, Mar 10, 2026
What is Srinibas Pradhan Constructions IPO Price Band?
Srinibas Pradhan Constructions IPO Price Band is ₹91 to 98 per share.
What is Srinibas Pradhan Constructions IPO Lot Size?
Srinibas Pradhan Constructions IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹235200 based on the upper price band
What is the minimum investment for Srinibas Pradhan Constructions IPO?
The minimum investment for Srinibas Pradhan Constructions IPO is ₹235200, based on one lot of 1200 shares at the upper price band of ₹98 per share.
How to apply for Srinibas Pradhan Constructions IPO?
Investors can apply for the Srinibas Pradhan Constructions IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Mar 10, 2026. The application amount remains blocked until the Srinibas Pradhan Constructions IPO allotment is finalized.
What is Srinibas Pradhan Constructions IPO Issue Size?
Srinibas Pradhan Constructions IPO issue size is ₹20 crores.
What is the Srinibas Pradhan Constructions IPO Allotment Date?
Srinibas Pradhan Constructions IPO allotment date is Wed, Mar 11, 2026.
Who is the Srinibas Pradhan Constructions IPO Registrar?
The registrar for Srinibas Pradhan Constructions IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Srinibas Pradhan Constructions IPO allotment status, refund processing, and other IPO-related information.
Who is the Srinibas Pradhan Constructions IPO Lead Manager?
The book-running lead managers (BRLMs) for the Srinibas Pradhan Constructions IPO are NOVUS CAPITAL ADVISORS PRIVATE LIMITED. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Srinibas Pradhan Constructions IPO Red Herring Prospectus (RHP).